Marshall Wace LLP Buys 393,892 Shares of Twilio Inc. (NYSE:TWLO)

Marshall Wace LLP lifted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 337.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510,778 shares of the technology company's stock after acquiring an additional 393,892 shares during the period. Marshall Wace LLP owned approximately 0.33% of Twilio worth $55,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JFS Wealth Advisors LLC grew its holdings in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust grew its stake in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of Twilio in the fourth quarter worth about $44,000. Private Trust Co. NA raised its position in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Twilio during the 4th quarter valued at about $75,000. Institutional investors own 84.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TWLO shares. Stifel Nicolaus increased their target price on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research note on Wednesday, March 19th. Wells Fargo & Company decreased their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Monness Crespi & Hardt boosted their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.61.

Twilio Stock Performance

TWLO stock traded up $4.19 during trading hours on Wednesday, hitting $88.06. 692,030 shares of the stock were exchanged, compared to its average volume of 2,630,159. The company has a 50-day simple moving average of $101.36 and a two-hundred day simple moving average of $103.69. The firm has a market capitalization of $13.44 billion, a P/E ratio of -137.59, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by corporate insiders.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.